Many companies invested in 419 and 412i retirement plans that created captive insurance programs, paying significant benefits to employers and employees. Because the IRS denied the tax deductibility of such plans, small business owners who have the plans may be liable to the IRS.
The Harris Litigation Firm represents and defends business owners who have invested their hard-earned profits into these plans. If your investment in one of these plans has created tax issues for you or if you’re just worried that it will cause problems down the road, we can help. Let us help protect your business against IRS actions that could be devastating to profitability and working capital.
419, 412i, and Section 79 Investment Plans 419, 412i, and Section 79 Investment Plans If your CPA, financial advisor, or insurance agent introduced you to one of these plans and now the IRS is after you, contact us immediately. You may be a victim of insurance fraud. We want to help protect your business and your hard-earned income.
Likewise, if you currently participate in one of these plans, and are worried about whether the IRS will penalize you, give us a call. We can help you make sure your plan is legit, and that no one tried to trick you in order to get a huge commission.
How your CPA, financial advisor, or insurance agent may be responsible for your audit:
Improper filing of form 8886 Misrepresentation of the tax code Misunderstanding of the tax code Failure to explain certain details of the plan Bad math/calculations Dishonesty Despite these mistakes or misleadings by your CPA, financial advisor, or insurance agent, the IRS will come after you, the small business owner, if something is amiss. Where is the justice? These advisors should be held responsible for the damages you are incurring. We want to help you fight the people who took advantage of you and make them accountable for their actions.
Many companies invested in 419 and 412i retirement plans that created captive insurance programs, paying significant benefits to employers and employees. Because the IRS denied the tax deductibility of such plans, small business owners who have the plans may be liable to the IRS.
ReplyDeleteThe Harris Litigation Firm represents and defends business owners who have invested their hard-earned profits into these plans. If your investment in one of these plans has created tax issues for you or if you’re just worried that it will cause problems down the road, we can help. Let us help protect your business against IRS actions that could be devastating to profitability and working capital.
419, 412i, and Section 79 Investment Plans
419, 412i, and Section 79 Investment Plans
If your CPA, financial advisor, or insurance agent introduced you to one of these plans and now the IRS is after you, contact us immediately. You may be a victim of insurance fraud. We want to help protect your business and your hard-earned income.
Likewise, if you currently participate in one of these plans, and are worried about whether the IRS will penalize you, give us a call. We can help you make sure your plan is legit, and that no one tried to trick you in order to get a huge commission.
How your CPA, financial advisor, or insurance agent may be responsible for your audit:
Improper filing of form 8886
Misrepresentation of the tax code
Misunderstanding of the tax code
Failure to explain certain details of the plan
Bad math/calculations
Dishonesty
Despite these mistakes or misleadings by your CPA, financial advisor, or insurance agent, the IRS will come after you, the small business owner, if something is amiss. Where is the justice? These advisors should be held responsible for the damages you are incurring. We want to help you fight the people who took advantage of you and make them accountable for their actions.